secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2022-01-28T23:59:59+00:00
Accession:  0000930413-22-000112
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon completes $845M Hunter Fan acquisition; $800M Term B Loan
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- Completed acquisition of Hunter Fan Company for $845M, subject to post-closing adjustments, from MidOcean Partners.
- Funded with new $800M Term B Loan (maturity Jan 24, 2029; SOFR+2.75% margin) plus cash and revolver draws.
- Existing $400M revolving credit facility remains; Hunter Fan becomes guarantor and pledges substantially all assets.
- Term B Loan amortizes at 1% annually; mandatory prepayment triggers include 50% excess cash flow (stepping down).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000093041322000112/0000930413-22-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000093041322000112/c102878_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-22-000112

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